Director's Participation in the Placing

RNS Number : 0873J

Strat Aero PLC

15 December 2015

 

Strat Aero plc / Index: AIM / TIDM: AERO / Sector: Support Services

15 December 2015

Director's Participation in the Placing

Following the announcement made on 11 December 2015 the board of Strat Aero plc, an international aerospace company focused on the rapidly growing Unmanned Aerial Vehicle ('UAV') sector, advises that the new shares arising from the  subscription for 1,360,000 Ordinary Shares of 1 pence each by certain Directors of the Company, in lieu of outstanding remuneration at the placing price of 6.25 pence, are due to be admitted along with the issue of placing shares and the issue of shares to professional advisers to trading on 16 December 2015 with dealing commencing at 07:00am.

Following the issue of the Placing Shares, and the further issues of Equity as described above totalling 27,562,000 Ordinary Shares of 1 pence each, the issued share capital of the Company will consist of 141,863,771 Ordinary Shares.  No shares were held in treasury at the date of this announcement.  The total current voting rights in the Company are therefore 141,863,771.

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For further information please visit www.strat-aero.com or contact:

Strat Aero plc	Tel: [phone]
Tony Dunleavy (Chief Executive)
Graham Peck (Chairman)
SP Angel Corporate Finance LLP	Tel: [phone]
Nominated Adviser and Joint Broker
Stuart Gledhill Jeff Keating
Beaufort Securities Limited	Tel: [phone]
Joint Broker Jon Levinson
Elliot Hance
Cornhill Capital Ltd
Colin Rowbury	[phone]
St Brides Partners Ltd	Tel: [phone]
Frank Buhagiar Charlotte Heap

Notes:

Strat Aero plc is a multi-divisional international aerospace services company, focussed primarily on the provision of complete client solutions in the Unmanned Aerial System ('UAS' market), which is predicted to show exponential growth over the coming decade.  Civilian, law enforcement and military applications in UASs are expected to be a dynamic growth sector in the aerospace industry over the next 10 years with the UAS market forecast to grow to more than US$82.1 billion between 2015 and 2025 (AUVSI Economic Report 2013) and the global airborne Intelligence, Surveillance and Reconnaissance ('ISR') market estimated to grow to US$19.23 billion by 2023. 

 

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